Selangor is evaluating the option of blacklisting real estate developers who breach Bumiputera quota regulations, signalling stricter enforcement and penalties for non-compliance. SELANGOR, 21st Nov 2023 - Selangor is exploring the option of placing real estate developers who fail to adhere to Bumiputera quota requirements on a blacklist. Borhan Aman Shah, the chair of the state Housing and...
Desa ParkCity earns top honours, winning Malaysia’s Most Outstanding Sustainable Township Award and the Green Development Award at MUPA 2023 for its commitment to eco-friendly and socially inclusive urban planning. KUALA LUMPUR, 17th Nov 2023 - Desa ParkCity has secured notable honours, winning Malaysia’s Most Outstanding Sustainable Township Award and the Green Development Award at the Malaysia...
Explore the Valuation and Property Services Department's report on a substantial 22.6% increase in 3Q 2023 real estate transactions, totaling RM57.15 billion. Discover key trends and insights. KUALA LUMPUR, 15th Nov 2023 - In the third quarter of 2023, real estate transactions experienced a significant surge, marking a remarkable 22.6% increase and reaching a total value of RM57.15 billion. This surge...
Explore KLSP2040's urban renewal plan for Kuala Lumpur. 139 redevelopment zones unveiled, including Federal Cable, Jalan Berangan, Jalan Raja Bot, ensuring a vibrant transformation until 2040. KUALA LUMPUR, 14 Nov 2023 - In a significant urban development initiative, Kuala Lumpur is set to undergo a transformation with the identification of 139 areas earmarked for redevelopment by the year 2040,...
Discover the buzz as Sime Darby Property's Hype Residences Phase 1, part of the SJ7 transit-oriented development, achieves 100% occupancy within just one hour of its launch. SELANGOR, 10th Nov 2023 - Sime Darby Property Berhad has witnessed unprecedented success with the launch of Hype Residences Phase 1, the inaugural segment of its SJ7 transit-oriented development (TOD). Comprising 310 homes, this...
OCBC Bank and IJM Land have partnered to introduce a green homeownership program, offering attractive financing options for eco-friendly properties. Discover the details of this sustainable collaboration. KUALA LUMPUR, 3rd Nov 2023 - OCBC Bank (Malaysia) Bhd and IJM Land Bhad (IJM Land), a prominent property developer, have officially sealed their collaboration with a memorandum of understanding (MoU),...
In its last Monetary Policy Committee meeting of 2023, Bank Negara Malaysia maintains the overnight policy rate (OPR) at 3%, citing an improved economic outlook while addressing inflation and growth prospects. KUALA LUMPUR, 2nd Nov 2023 - Bank Negara Malaysia (BNM) has opted to keep its overnight policy rate (OPR) steady at 3% during its Monetary Policy Committee (MPC) meeting held on Thursday. This...
UEM Sunrise collaborates with top banks to offer homebuyers attractive mortgage deals and financing options, making homeownership more accessible. KUALA LUMPUR, 26th Oct 2023 - UEM Sunrise Bhd has joined hands with several financial institutions to introduce a diverse range of financing solutions for its real estate developments. This strategic move aims to alleviate the financial challenges that...
Get the scoop on Malaysia's Budget 2024, focusing on housing, development, and sustainable initiatives. What's in store for the nation's future? KUALA LUMPUR, 16th Oct 2023 - The recently unveiled Budget 2024, themed "Madani Economy: Empowering the People," demonstrates the government's commitment to Malaysia's development and economic growth. With a total allocation of RM393.8 billion, a slight...
The Ministry of Local Government Development is cracking down on premises owners renting dangerous, small rooms, aiming to safeguard tenants' lives. IPOH, 15th Oct 2023 - The Ministry of Local Government Development is set to take strong measures against landlords renting out perilous, cramped rooms referred to as 'grave-like' to tenants. Nga Kor Ming, the Minister, has stated that the ministry will...
